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Maharashtra government introduces electric vehicle policy 2021: Read full story

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The state of Maharashtra has introduced the Maharashtra EV policy 2021, a revision of the policy introduced back in 2018. The new EV policy aims to make Maharashtra the top producer of BEVs in India in terms of annual production capacity) and for electric vehicles to make up 10 per cent of all new vehicle registrations(around three lakh vehicles a year) in the state by 2025. To this effect, the state government has pledged Rs 930 crore towards this policy valid till March 31, 2025, and announced EVs will be exempt from road tax and registration charges.

Maharashtra EV policy 2021: Electric Two-wheeler subsidy

Electric two-wheelers account for the largest share of incentives as part of the revised Maharashtra EV policy 2021, with the government expecting them to make up 10 per cent of all new vehicle registrations in the state by 2025. The state will subsidise the first 1 lakh electric two-wheeler buyers, who are eligible for an incentive of Rs 5,000 per kWh of battery capacity, limited to Rs 10,000, double the previous cap of Rs 5,000). While that is lower than what the state of Gujarat has on offer, Maharashtra is offering an additional early bird incentive of up to Rs 15,000 (for an e-two-wheeler with a 3 kWh battery) for those who purchase the two-wheeler before December 31, 2021. In effect, if the chosen electric two-wheeler has a battery capacity of close to 3 kWh, buyers will be eligible for a total benefit of Rs 25,000 this year. The Ather 450 Plus- which is currently priced at Rs 1.23 lakh  – would effectively be priced at around Rs 98,231 for those who buy it before the end of the 2021 calendar year. Similarly, the Ather 450X – currently priced at Rs 1.42 lakh – would see its price drop to Rs 1.17 lakh for the remainder of 2021.

The Revolt RV 400 electric motorcycle- currently priced at Rs 1.08 lakh – would see its price effectively reduced to around Rs 83,000. With road tax and registration waived, their on-road prices would be quite close to their ex-showroom cost. There’s also a scrappage incentive of Rs 7,000 on offer. All incentives will be handed directly to the manufacturers of these vehicles, to save buyers the hassle of coordinating with government offices to receive their subsidy. Additionally, manufacturers of e-two-wheelers will also receive an additional incentive of up to Rs 12,000 for providing a minimum five-year warranty on the battery and an assured buyback scheme.

 

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Improved version of Hyundai Creta launched in Indian market: Check it out here

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Hyundai India launched the much-awaited Creta Knight Edition in the country at a starting price of Rs 13.51 lakh (ex-showroom, all-India). This new variant is available in both petrol and diesel engine options and can be had either with a manual or an automatic transmission unit. To read more about the Creta Knight Edition, click here. In addition to this, the company has also introduced a model-year update for the Hyundai Creta with new feature additions.

The 2022 Hyundai Creta is now available in a new Denim Blue colour option and the Highline TPMS is now standard across all variants. The SX (O) trim now also gets a glossy black centre console. Furthermore, the company will offer the iMT option on the 1.5-litre petrol ‘S’ variant to further expand choices for the customers. The new S+ variant powered by a 1.4-litre T-GDi petrol engine with 7DCT now gets an additional set of features, such as –

– Smart panoramic sunroof

– 16-inch black alloy wheels

– Smartphone wireless charger

– Rear Disc Brakes

– Electronic Stability Control (ESC)

– Vehicle Stability Management (VSM)

– Hill start assist control (HAC)

– Paddle shifters

– Metal pedals

– Electric and auto-folding ORVMs

– Power window auto up/down

Mechanically, the SUV continues to be powered by the existing petrol and diesel engine options.

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